Rowad Tourism turns to losses in Q1 (20 June 2022) Rowad Tourism (Al Rowad) (ROTO) has turned to losses in the first quarter (Q1) of 2022, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on June 20th. The company has incurred a consolidated net loss excluding minority interest of EGP 29.33 million in Q1 2022, versus a net profit of EGP 1.59 million in Q1 2021. Meanwhile, the company’s standalone net loss after tax stood at EGP 26.46 million in the three-month period ended March 31st, compared to a profit of EGP 2.76 million in the same quarter of 2021. Rowad is an Egypt-based public shareholding company that operates in the tourism industry.